Sensex, Nifty Open Lower On Weak Global Cues
(RTTNews) - Indian shares were moving lower on Monday, tracking weak cues from global markets as signs of escalation of the trade war between U.S. and China sapped investors' appetite for riskier assets.
Investors also await the release of domestic inflation data as well as key Q2 earnings from prominent companies like HCL Tech, Infosys and Reliance Industries this week for direction.
The benchmark BSE Sensex dipped 243 points, or 0.3 percent, to 82,257 in early trade while the broader NSE Nifty index was down 82 points, or 0.3 percent, at 25,203.
Tata Motors fell 1.6 percent. Today is the final day the stock trades as a consolidated entity.
BEL, Tata Steel and Infosys all lost around 1 percent.
BLS International Services plummeted 13 percent after the Ministry of External Affairs banned the company from participating in new tenders for Indian missions for two years.
Avenue Supermarts was down nearly 2 percent on reporting a 4 percent increase in Q2 net profit.
Welspun Enterprises added 1.4 percent on fund raising reports.
Waaree Renewable Technologies soared 12 percent after Q2 profit more than doubled.
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